QUESTION 1 Not complete Points out of 150 Flag question Equi

QUESTION 1 Not complete Points out of 1.50 Flag question Equivalent Units Calculations-Weighted Average Method Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Terrace uses the weighted average method of process costing. In the Compounding Department, beginning work in process was 5,000 pounds (60% processed), 85,000 pounds were started, 80,000 pounds were transferred out, and ending work in process was 85% processed. Calculate equivalent units for the Compounding Department for August 2016 Terrace Corporation Flow of Units and Equivalent Units Calculation, August 2016 Equivalent Units % Work done Direct Material:s %work Done Conversion Costs 0% Complete/Transferred Ending Inventory Total 0% 096 Check

Solution

Equivalent units % Work done Direct Materials % Work done Conversion Cost Complete/Transferred 80000 100 80000 100 80000 Ending inventory 10000 100 10000 85 8500 Total 90000 90000 88500